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NFLX

Netflix, Inc.Close $80.34EOD only

Max Pain

$87.00

Next expiry Jun 18, 2026

Expected Move

±$2.50

3.1% from close

Price Gap

+6.66

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.78

Slightly call-heavy

Consensus

7.0/10

Bearish tilt

Published snapshot: Jun 12, 2026 close

End-of-day snapshot

This page reflects NFLX options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.

Published Snapshot

Jun 12, 2026 close

NFLX Flow Report

Analysis based on market close June 12, 2026

Directional Theta Gang Flow Earnings Consensus

Historical consensus-supported lens with full content, report chain context, and metric rail.

Flow Verdict

Confidence:

8 / 10

base 5; +2 GEX/flow strongly aligned; +1 VIX 18

Watch next session: $80 strike; $75 gamma flip

Flow Summary

Net premium: -$20.0M bearish

P/C volume ratio: 0.80

P/C OI ratio: 0.78

Heavy OTM call buying contrasts with negative gamma and net premium selling. Bearish bias as dealers short gamma and spot below max pain. Watch for breakdown below $75 or rally above $80.

Notable Prints

NFLX 2026-06-26 $80.00 Call

Vol: 2,114

OI: 217

Vol/OI: 9.7x

IV: 29.7%

Notional: ~$440K

Intent: Positioning for earnings or event

Dual read: Institutional accumulation or gamma play

Read-through: Moderate bullish bet

NFLX 2026-06-12 $80.00 Call

Vol: 19,383

OI: 2,379

Vol/OI: 8.2x

IV: 17.2%

Notional: ~$562K

Intent: Bullish speculation on near-term move

Dual read: Could be hedging short position

Read-through: High conviction lottery

NFLX 2026-06-12 $81.00 Call

Vol: 22,542

OI: 2,789

Vol/OI: 8.1x

IV: 9.8%

Notional: ~$23K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

NFLX 2026-07-24 $80.00 Call

Vol: 820

OI: 146

Vol/OI: 5.6x

IV: 46.8%

Notional: ~$403K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

NFLX 2026-06-12 $79.00 Call

Vol: 4,124

OI: 754

Vol/OI: 5.5x

IV: 68.4%

Notional: ~$495K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Short-dated calls at $80-$81 (vol/oi ~8-10x) – speculative or gamma scalping.

Put additions: Modest puts at $75 and $67 – likely hedges.

GEX/DEX consistency: GEX -$129M, DEX +127M shares – mixed; negative gamma amplifies moves.

OI clusters: Largest OI: $80 call (2.8k), $81 call (2.8k), put OI cluster near $68 (68.8k).

Hedging evidence: Put buys at $75 & $67 suggest collar/hedge.

Max pain context: Spot below MP ($71.66). Pin expected near $75 gamma flip.

Signal vs Noise

~High volume deep OTM calls – likely noise, not institutional.

~Negative net premium and mixed flow regime – caution warranted.

~Elevated VIX and negative GEX – signal for potential volatility.

Key Conclusions

📈Short-dated call buying at $80/$81, but surface-level noise – likely not institutional conviction, so bearish caveat.

⚠️Negative GEX and spot below MP signal downside risk if support breaks.

🛡️Put hedges at $75/$67 are protective, not directional.

How to Use These Reports

This flow reflects the market close on June 12, 2026.

What the reports do

Each report translates the same market-close options snapshot into a specific lens such as directional bias, premium-selling posture, flow quality, or earnings setup.

How traders use them

Reports are most useful for narrowing the playbook, surfacing entry and risk context, and deciding which raw data page to inspect next.

What to remember

These are interpretation layers, not execution guarantees. Validate the setup against chain liquidity, expected move, and exposure before sizing risk.

If the report conviction and the raw data disagree, slow down and resolve the mismatch before sizing risk.